article thumbnail

Banking’s Hard Fork in the Post-Neobank Era

Gonzobanker

Delivering a better customer experience is not the only way for banks to gain a competitive advantage. The segments that are more important than others is a clue to understanding a bank’s strategy. Historically, banks sold through branches and in (more or less) narrowly defined geographic areas. They’re wrong.

article thumbnail

Digital first in banking: Going beyond the interface

Insights on Business

The ingredients that will help execute the digital first mission include: Customer experience: Who are the digital-first customers and what do they expect? Customer experience. We need to consider the needs of all types of customers. The reality is that many banks act as big boats.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Where Does Chime Go From Here?

Gonzobanker

Bloomberg recently reported that Chime, the leading fintech neobank, is planning to go public in 2025. According to the report , Chime has not engaged investment banks to date. While valuation at many fintechs has dropped since 2022, Chime has bucked the trend. Is it ready for an IPO?

article thumbnail

How AI can deliver a personalized banking experience that drives customer devotion

NCR

The rise of digital banking has led to fewer opportunities for person-to-person interactions with customers, and banks are setting the bar high for their non-human ambassadors. Bank’s offerings, advisors could quickly provide relevant information, enhancing the overall customer experience.

article thumbnail

ISO 20022 For Banks – What You Need To Know

South State Correspondent

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. This article explains what ISO 20022 for banks is, how it is different, and what it can do for your bank. Bank data is much the same.

System 195
article thumbnail

The 2023 GonzoBanker Awards

Gonzobanker

million (that’s right million) of financial donations and support to the community in 2025. Lifetime Achievement Award (Bank) Cambridge Savings CEO Wayne Patenaude looks to end a long and successful career at one of Massachusetts’ 10 largest banks. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s.

Fintech 195
article thumbnail

24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Customer service: Customer experience goes virtual with conversational AI. Finance: Demand for contactless options accelerates digital adoption. market by 2025 prior to the onset of Covid-19. ” Customer Service: Customer experience goes virtual with conversational AI. Online grocery.

Industry 101